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Travel vertical improves in Q2 for Google

Martin Cowen

July 21, 2009 09:04 AM GMT

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Search giant Google has told analysts that its travel vertical is improving, based on its performance during the three months from April to June.

Talking through its Q2 results last week, Google’s CEO Eric Schmidt told Wall Street on its earning call: “With the notable exception of the financial vertical, other verticals which had been significantly affected - in particular shopping and travel - appear to be recovering.”

However, the Google execs on the call talked in terms of “stabilisation” of the business. “We’re not at the moment looking at that downward spiral that we thought we might see six months ago,” Schmidt said.

The UK’s revenues for the second quarter came in at $715m, an 8% year-on-year drop. In the first three months of this year UK revenues were $733m.

Foreign exchange and hedging have a unquantified impact on the UK numbers.

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